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Dec 29, 2012
12/12
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tonight's question, in light of the president's remarks, will a fiscal cliff deal get done? text "a" for yes, text "b" for no to 622639 or go to our blog at ed.msnbc.com. i'll bring you the results later in the show. joining me now is sheldon whitehouse from rhode island. thank you for joining us. >> thank you for having me. >> sir, this is serious, this is even dire. are you encouraged by the meeting today and the president's remarks in the aftermath of that meeting? >> well, i think that the decision to move the forum for the negotiations to the senate was a necessary one. i have a lot of confidence in harry reid's negotiating ability. mitch mcconnell is a veteran negotiator, and i think there's a far better prospect of something being worked out in the senate than there was dealing with speaker boehner and his completely dysfunctional house republican party. >> sure. well, abiding by convention and of course protocol, the senate won't return until sunday. will there be enough time for the senate leaders to really craft a deal that is substantiative and makes a difference,
tonight's question, in light of the president's remarks, will a fiscal cliff deal get done? text "a" for yes, text "b" for no to 622639 or go to our blog at ed.msnbc.com. i'll bring you the results later in the show. joining me now is sheldon whitehouse from rhode island. thank you for joining us. >> thank you for having me. >> sir, this is serious, this is even dire. are you encouraged by the meeting today and the president's remarks in the aftermath of that...
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Dec 29, 2012
12/12
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KQED
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gold prices pulled back today on worries about the fiscal cliff, will the metal shine in 2013? then cuba, tonight's "market monitor" sees big opportunity on the tiny island when the embargo's lifted. thomas herzfeld, of thomas herzfled advisors joins us. that and more tonight on "n.b.r."! president obama says he's "modestly optimistic" a fiscal deal can be reached in time. he said he's instructed senator harry reid and senator mitch mcconnell to come up with a plan that can pass in congress. his brief comments a short while ago came after a whit
gold prices pulled back today on worries about the fiscal cliff, will the metal shine in 2013? then cuba, tonight's "market monitor" sees big opportunity on the tiny island when the embargo's lifted. thomas herzfeld, of thomas herzfled advisors joins us. that and more tonight on "n.b.r."! president obama says he's "modestly optimistic" a fiscal deal can be reached in time. he said he's instructed senator harry reid and senator mitch mcconnell to come up with a plan...
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Dec 31, 2012
12/12
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KPIX
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good night ,, ,,,,,,,,,,,,,, >> jeff: tonight partisan wrangling over the fiscal cliff. >> i'm willing to get this done but i need a dance partner. >> i want to be clear that there is still serious differences between the two sides. >> jeff: a divided congress reconvene for 11th hour negotiations. nancy cord cess on capitol hill. >> failure to act could force the economy back into recession. an uneasy wall street is much wag. >> another death today after the crash of a russian jetliner. barry peterson has the new video that captures the moment of impact. >> and icy rescue, carter evans shows us what happened when good samaritans in california headed for thin ice. >> give me the rope. >> now. captioning sponsored by cbs this is the "cbs evening
good night ,, ,,,,,,,,,,,,,, >> jeff: tonight partisan wrangling over the fiscal cliff. >> i'm willing to get this done but i need a dance partner. >> i want to be clear that there is still serious differences between the two sides. >> jeff: a divided congress reconvene for 11th hour negotiations. nancy cord cess on capitol hill. >> failure to act could force the economy back into recession. an uneasy wall street is much wag. >> another death today after the...
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Dec 27, 2012
12/12
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FBC
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the new year's resolution is not to go for the fiscal cliff. lori: i will just keep saying and be done. tracy: president obama and the senate back in office, senator harry reid is the latest to say it looks like we are headed to tumble over the cliff. let's check with rich edson with the latest. >> tracy will have to come up with a new term. we will be saying this afternoon years. democrats and republicans deck at each other saying it is your turn to make a move, up to you to move next, no movement on capitol hill, and there was speculation the white house would send a proposal to capitol hill and that has been denied by an aide to the senate majority leader, harry reid taking to the senate floor saying he thinks it looks like we are headed over the fiscal cliff and he hang that on the house. >> if we go over the cliff and it looks like that is where we are headed the house of representatives, with four days left after the first of the year, are not here with the speaker having told them give them 48 hours notice. i can imagine their conscience
the new year's resolution is not to go for the fiscal cliff. lori: i will just keep saying and be done. tracy: president obama and the senate back in office, senator harry reid is the latest to say it looks like we are headed to tumble over the cliff. let's check with rich edson with the latest. >> tracy will have to come up with a new term. we will be saying this afternoon years. democrats and republicans deck at each other saying it is your turn to make a move, up to you to move next,...
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Dec 31, 2012
12/12
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. >> appears that a deal is in sight on the fiscal cliff. a deal is not done yet. we may have to solve this problem in several stocks. including a tax credit for families with children the education tax credit. >> he said he would have liked to have gotten a bigger deal done but unfortunately he was not able to do that. this will have to be ruled out in several steps. checking chicagos letter which is kind of great as the final day of 2012. snow passing downstate as you can see on the radar. if you're heading south be aware of that. we may get a flurry but a lot of this hanging up in the clouds over the city. it will be moving out of here tonight. we get into some serious cold there. this low pressure a streaking along fast. high pressure comes in and brings the sun back tomorrow. look at the temperatures and how cold it is out west of us. we've got 310 days without a subfreezing reading. the hundred and 10 days310 days is just not happened before. tomorrow it happens, we go into subfreezing daytime high territory. we bring to an end, a record. live records going b
. >> appears that a deal is in sight on the fiscal cliff. a deal is not done yet. we may have to solve this problem in several stocks. including a tax credit for families with children the education tax credit. >> he said he would have liked to have gotten a bigger deal done but unfortunately he was not able to do that. this will have to be ruled out in several steps. checking chicagos letter which is kind of great as the final day of 2012. snow passing downstate as you can see on...
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Dec 28, 2012
12/12
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KPIX
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cliff deal can get done. the senate majority leader compares the house speaker to a dictator as the house says it will reconvene sunday. will they get back to talks? reports from nancy cordes and major garrett. we're also facing a dairy cliff. john blackstone on why milk may soon double in price. the drilling boom in colorado it's leaving towns flush with cash but what is it leaving behind? ben tracy is there. and dean reynolds on the men who create some of the most precious gifts. all retirees? >> all retirees. and they all get paid the same. >> reporter: nothing. >> nothing. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> glor: good evening, everyone.
cliff deal can get done. the senate majority leader compares the house speaker to a dictator as the house says it will reconvene sunday. will they get back to talks? reports from nancy cordes and major garrett. we're also facing a dairy cliff. john blackstone on why milk may soon double in price. the drilling boom in colorado it's leaving towns flush with cash but what is it leaving behind? ben tracy is there. and dean reynolds on the men who create some of the most precious gifts. all...
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Dec 24, 2012
12/12
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FBC
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i think it is crystal clear that he wants to go off the fiscal cliff. david: let's be clear about what he has done and wants to do. he increases 25% of the baseline. if we go over the fiscal cliff, he gets a lot more money. it is not just rich people paying out. he will get a lot more money, so he does want that. he will get a cut into military. if anything goes wrong, he can blame republicans for it. >> right. from his standpoint, it is a win-win across the board to go over the cliff, have the automatic sequester cuts, take the tax increases, go back to the clinton era rates and that when the economy reacts, as it most certainly will, negatively, then he will blame the republicans for putting us into a recession. david: let's put a fine point on that. what we are suggesting here, they call it an outrageous suggestion, that the president is willing to send this country into a recession to get what he wants. you are really saying that? >> i think that he is willing to gamble. i believe that the president and his advisors have looked at the history of con
i think it is crystal clear that he wants to go off the fiscal cliff. david: let's be clear about what he has done and wants to do. he increases 25% of the baseline. if we go over the fiscal cliff, he gets a lot more money. it is not just rich people paying out. he will get a lot more money, so he does want that. he will get a cut into military. if anything goes wrong, he can blame republicans for it. >> right. from his standpoint, it is a win-win across the board to go over the cliff,...
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Dec 27, 2012
12/12
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WMAR
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cliff cliff thing done. no word yet on when people get extra lattes, where they can write get your lazy ass off vacation. >> willis likes that a lot more. >> i womdzer if there's enough room. >> if you're looking for love, you better have a good credit score. take a look at this. ♪ >> okay, yeah. we're not going to say we're going after those guys, but it's the credit score guys. "the new york times" is reporting that credit scores is huge and that could be at the top of the list. they interviewed people across the u.s., and a newspaper discovered a low credit score is a deal breaker in search of love. so if you don't have your act together, take care of that and maybe you'll find love. >> can you imagine, hi, how are you? what is your credit score? >> 420. no, mine is a lot higher. >> we want to show you this next footage. anyone who has ever had their parking lot stolen is going to love this. this is in russia. we don't know why this is being towed. i've got to get me one of these, because i would just l
cliff cliff thing done. no word yet on when people get extra lattes, where they can write get your lazy ass off vacation. >> willis likes that a lot more. >> i womdzer if there's enough room. >> if you're looking for love, you better have a good credit score. take a look at this. ♪ >> okay, yeah. we're not going to say we're going after those guys, but it's the credit score guys. "the new york times" is reporting that credit scores is huge and that could be...
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Jan 1, 2013
01/13
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MSNBCW
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cliff deal would be done. however, we've just learned within the last 30 minutes that the second ranking republican in the house does not support the bill as it stands. and as our luke russert has been reporting to us, this would mean a whole other round of amendments perhaps to that bill. it also could mean that, therefore, it would go to the senate and then back to the house. this as we look at only 44 hours left in the 112th congress, and can they get it done or will it have to start all over again on thursday with the 113th congress? nbc's luke russert has been reporting for us and he was speaking with members early and heard from one member, luke, and i found this very interesting, you said that that member told you that was in the room for one of the meetings in the conference, 40 members spoke up, 37 spoke out against the plan, and 3 spoke for it. who are those three? who might they be? and what is the sentiment they have that they're so brave as it sounds to be one of the few? >> reporter: well, with h
cliff deal would be done. however, we've just learned within the last 30 minutes that the second ranking republican in the house does not support the bill as it stands. and as our luke russert has been reporting to us, this would mean a whole other round of amendments perhaps to that bill. it also could mean that, therefore, it would go to the senate and then back to the house. this as we look at only 44 hours left in the 112th congress, and can they get it done or will it have to start all...
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Dec 27, 2012
12/12
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CNBC
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any hope of getting a fiscal cliff deal done in time? we are back after a quick break. and i'm here to tell homeowners that are 62 and older about a great way to live a better retirement. it's called a reverse mortgage. [ male announcer ] call right now to receive your free dvd and booklet with no obligation. it answers questions like how a reverse mortgage works, how much you qualify for, the ways to receive your money, and more. plus, when you call now, you'll get this magnifier with l.e.d. light absolutely free. when you call the experts at one reverse mortgage today, you'll learn the benefits of a government-insured reverse mortgage. it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa'
any hope of getting a fiscal cliff deal done in time? we are back after a quick break. and i'm here to tell homeowners that are 62 and older about a great way to live a better retirement. it's called a reverse mortgage. [ male announcer ] call right now to receive your free dvd and booklet with no obligation. it answers questions like how a reverse mortgage works, how much you qualify for, the ways to receive your money, and more. plus, when you call now, you'll get this magnifier with l.e.d....
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Dec 24, 2012
12/12
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FBC
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hopefully washington is asking santa for a fiscal cliff feel. both sides come back to work on thursday. peter barnes is in washington. how likely that we get a deal done? peter: the speaker and the president have not spoken since friday. right now, all eyes are on the senate. the president proposed a limited patch that would a void the cliff after speaker boehner scuffled his plan be. staff discussions continue between the administration and the hill. we have not heard of any breakthroughs at this point. democrats extended tax breaks for families taking under $250,000. that would cost $157. it also approved taxing $92 billion. mitch mcconnell is critical to hammer out a deal in the senate because he can filibuster anything. his spokesman said "nothing new to report. we do not know yet what senator reed plans to bring to the senate for a vote." >> if you want leaders, then, you have to lead. the president has been a pathetic leader. i would vote for revenues, including tax rate hikes even though i do not like them to save the country from becomin
hopefully washington is asking santa for a fiscal cliff feel. both sides come back to work on thursday. peter barnes is in washington. how likely that we get a deal done? peter: the speaker and the president have not spoken since friday. right now, all eyes are on the senate. the president proposed a limited patch that would a void the cliff after speaker boehner scuffled his plan be. staff discussions continue between the administration and the hill. we have not heard of any breakthroughs at...
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Jan 1, 2013
01/13
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but the country did technically go over the fiscal cliff. but they are working to fix everything so that we don't feel the pain of going over the fiscal cliff. so, how will the house vote? that's the big question coming in to today. and the short answer is we are not sure because house leaders put out a statement following the vote in the senate and they gave no promises. they simply said that they will consider is coming to them. they will read it and they will make their decision after that. but no indication whether they will do as the senate did or will they go the other way. >> vice president said you can never guess how the house will vote. renee marsh with us live in dc thanks for the time. >>> in news around nation, a parking lot scuffle gets nasty in the state of georgia. a woman faces charges after police say she hate teen with her suv hit a teen with her suv. angela cornet got into a arrangement with a 17-year-old girl saving the space for a friend at wal-mart. >> she told her to move and pulled into the parking spot a hit her wit
but the country did technically go over the fiscal cliff. but they are working to fix everything so that we don't feel the pain of going over the fiscal cliff. so, how will the house vote? that's the big question coming in to today. and the short answer is we are not sure because house leaders put out a statement following the vote in the senate and they gave no promises. they simply said that they will consider is coming to them. they will read it and they will make their decision after that....
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Dec 28, 2012
12/12
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WGN
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the clock is ticking for congress to get something done or risk taking the nation over the fiscal cliff. >>good afternoon. i'm steve >> we welcome our viewers. our top story president obama has invited the four congressional leaders to the white house this afternoon to try to salvage negotiations before need the new year's day deadline. if an agreement is not reached by then tax hikes and spending will kick in. economists say it could send the country back into recession. republicans and democrats are blaming each other for the stalemate. the democrats want to extend the bush era tax cuts for those thinking less than $250,000. >> to taxes will go up for every taxpaying american. republicans are not about to write a blank check to us because we find ourselves at the edge of the cliff. >> consistently show that a majority of americans support the president's position on tax es. >> did the shooting as the chicago at 500 homicides for the year. >> so far no comment yet. chicago police have been working hard to prevent it. the 500 happened last night. the shooting death on the west side. 40
the clock is ticking for congress to get something done or risk taking the nation over the fiscal cliff. >>good afternoon. i'm steve >> we welcome our viewers. our top story president obama has invited the four congressional leaders to the white house this afternoon to try to salvage negotiations before need the new year's day deadline. if an agreement is not reached by then tax hikes and spending will kick in. economists say it could send the country back into recession....
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Dec 28, 2012
12/12
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CNNW
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. >>> you may have heard of the fiscal cliff described as a self-inflicted wound, a manufactured crisis. that just means it didn't come out of the blue. the bottom line is this. whatever happens we have done it to ourselves. cnn's ali velshi shows us how we got here. >> now we have passed a bold package of tax relief for america's families and businesses. >> it starts more than a decade ago when president bush initiated a series of tax cuts for all americans. but it's a deal with with the devil. the cuts, which are politically expedient but costly to government, expire in ten year's time. >> both houses of congress have passed tax relief that will protect the middle class. >> when it came time for the cuts to expire, the u.s. was emerging from the worst recession since the great depression. so president obama agreed to extend the tax cuts for two more years in exchange for congress extending federal emergency unemployment benefits. those cuts are expensive. if they are extended by 2020, the bush era tax cuts will be responsible for more than half the total national debt. democrats insis
. >>> you may have heard of the fiscal cliff described as a self-inflicted wound, a manufactured crisis. that just means it didn't come out of the blue. the bottom line is this. whatever happens we have done it to ourselves. cnn's ali velshi shows us how we got here. >> now we have passed a bold package of tax relief for america's families and businesses. >> it starts more than a decade ago when president bush initiated a series of tax cuts for all americans. but it's a...
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cliff deadline had gone by. >> i think we can say we've done some good for the country. >> reporter: since lawmakers missed the midnight deadline nearly every american wakes up with higher taxes but congress can undo those tax hikes if the house passes the senate's bill. vice president biden, who was instrumental in brokering the deal, told reporters he's hopeful it can get through the house but you never know. >> you shouldn't predict how the senate will vote before they vote and number two, you surely shouldn't predict how the house is going to vote. >> reporter: it would extend tax cuts for all workers earning under $400,000 and raise taxes on people above that level and prevent a big tax hike in an estate valued at less than $5 million and extend unemployment benefits for 2 million people. the house will take it up later this morning, the hope is that chamber can pass it before the economy is rocked by the tax hikes. >> happy new year. i feel very, very good. >> reporter: president obama called the senate vote the right thing to do for the country and he encouraged the house to p
cliff deadline had gone by. >> i think we can say we've done some good for the country. >> reporter: since lawmakers missed the midnight deadline nearly every american wakes up with higher taxes but congress can undo those tax hikes if the house passes the senate's bill. vice president biden, who was instrumental in brokering the deal, told reporters he's hopeful it can get through the house but you never know. >> you shouldn't predict how the senate will vote before they vote...
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Dec 29, 2012
12/12
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FOXNEWSW
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. >> the last minute move to save us from the fiscal cliff. and, a shooting inside a politician. -- police station. officers down and a suspect dead. >> i saw them throw somebody into an ambulance. >> in moments, what we know about how this happened. and on very thin ice. >> the deeper you got out, the more ice was cracking. you just couldn't get to them. >> the rescue mission to pluck a man and a dog from a frozen river. i'm harris faulkner in for shepard smith. and president obama says tonight there is still time to get a deal done before we fall off the fiscal cliff. and he demanded congress take action now before it's too late. the president spoke in the white house briefing room just about an hour ago now. he was visibly tense. frustration in his voice. >> america wonders why it is in this town for some reason you can't get stuff done in an organized timetable. why everything always has to wait until the last minute. well, we are now at the last minute. and the american people are not going to have any patience for a politically self-infl
. >> the last minute move to save us from the fiscal cliff. and, a shooting inside a politician. -- police station. officers down and a suspect dead. >> i saw them throw somebody into an ambulance. >> in moments, what we know about how this happened. and on very thin ice. >> the deeper you got out, the more ice was cracking. you just couldn't get to them. >> the rescue mission to pluck a man and a dog from a frozen river. i'm harris faulkner in for shepard smith....
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Dec 27, 2012
12/12
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CNBC
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we're going over the fiscal cliff but shortly there after, gold is going. long term i want gold but short term not so much. >> now you know what these guys think. what about you? if we do go over the cliff, would gold go higher or lower. tell us. sean egan tells us if going over the cliff would mean a slash in the credit rating and ralph acampora, two shows, 1:00 p.m. >> we'll catch you at the top of the hour. give me a target for gold next year. it's at $1660. are we going substantially higher or towards 15? are not and gold and silver has had every reason to move higher in the fourth quarter in 2012. it has not. i think the love affair hedge funds have had with gold is over and view 2013 is the year gold will finally under-perform. >>> coming up, delta's flight status, can it continue its flying stock market run into the new year, one stock, two opinions. we debate it. >>> home prices on track positive for the first time since 2006. which real estate stocks are traders banking on now? >>> japanese stocks trading on highs as the market plunges. ♪ [ cows
we're going over the fiscal cliff but shortly there after, gold is going. long term i want gold but short term not so much. >> now you know what these guys think. what about you? if we do go over the cliff, would gold go higher or lower. tell us. sean egan tells us if going over the cliff would mean a slash in the credit rating and ralph acampora, two shows, 1:00 p.m. >> we'll catch you at the top of the hour. give me a target for gold next year. it's at $1660. are we going...
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Dec 31, 2012
12/12
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FBC
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people have said that economists said concern about the fiscal cliff has already done damage. the economy, according to the cob is certain to fall back into recession and negative growth in the new year. is that higher taxes in a way a death knell for the economy or whole picture, of increased taxes and increased spending and no meaningful deficit reduction? >> we're seeing some effect already. you're seeing that in numbers on consumer confidence, on christmas season spending and business investment in hiring. the higher tacks is not the end of the republic. it is bad for growth. but we can still have a strong economy. but i do think we need to deal with uncertainty of what are taxes going forward. this cliff deal is short-term deal. we need leadership congressman was talking about. i wish it was there i agree with him what we really need going forward. lori: congressman rigell, one last comment from you with regards to confidence in washington of the americans are fed up with the wheeling and dealing in washington and no compromise. is there anything you can say to reinforce
people have said that economists said concern about the fiscal cliff has already done damage. the economy, according to the cob is certain to fall back into recession and negative growth in the new year. is that higher taxes in a way a death knell for the economy or whole picture, of increased taxes and increased spending and no meaningful deficit reduction? >> we're seeing some effect already. you're seeing that in numbers on consumer confidence, on christmas season spending and business...
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Dec 27, 2012
12/12
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FBC
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people with this term fiscal cliff? >> right. to really get the deal done right you need about 4 troll trillion to get us back on track. that means pro-growth tax reform, entitlement reform and better control of savings of the proposals at this point are not at that level. they're more $2.5 trillion range. we're very anxious to see what the president will put forward in terms of savings and reform. adam: in roughly four days can all of you in washington get this deal done? or is it going to be some kind of a patch with some kind of delay and than we'll deal with the new congress deals with it? >> well, adam i think you're kind of on it there. it would be great if we can get it done. if not let's at least get the framework to set it up and finish it off right away. either way we have to get a deal done before congress gets adjourned or get a deal done in the new congress. there is enough proposals put forward. get the deal we need to get things on track. adam: we should point out i think senator scott brown out of massac
people with this term fiscal cliff? >> right. to really get the deal done right you need about 4 troll trillion to get us back on track. that means pro-growth tax reform, entitlement reform and better control of savings of the proposals at this point are not at that level. they're more $2.5 trillion range. we're very anxious to see what the president will put forward in terms of savings and reform. adam: in roughly four days can all of you in washington get this deal done? or is it going...
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Dec 31, 2012
12/12
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CNBC
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wall street and constituent, if you can't come together and form a deal to get us over the fiscal cliff, then the next debate is the debt ceiling debate. how. >> it is very contentious. the president is right, we shouldn't play that game. up until last year we never did play that game. that is essentially butting a g put /* putting a gun to the head of the economy. we can't hold the nation hostage every time we go through this. i think we do need a longer term deal that agreeses the structural problems. >> congressman, we will let you get back to work. >> sue, tense times for many. down here on floor of the nyse, taking a break to remember some of the traditions here on the floor on new year's eve. let's get over it mary thompson. >> hey, simon, before we do, a quick market update. popping an retreating after the announcement of the statement president obama will make at 1:30. can you vietnam action in the dow industrials. caterpillar and ge suggesting return. the indication moving to session lows today. these are the groups where the enclave right now. now, i will turn it over to jim a
wall street and constituent, if you can't come together and form a deal to get us over the fiscal cliff, then the next debate is the debt ceiling debate. how. >> it is very contentious. the president is right, we shouldn't play that game. up until last year we never did play that game. that is essentially butting a g put /* putting a gun to the head of the economy. we can't hold the nation hostage every time we go through this. i think we do need a longer term deal that agreeses the...
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Dec 28, 2012
12/12
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fiscal conservatives say a smaller stop gap measure to avoid the cliff won't work. >> if we, in fact, do not use this period of time before right now, deal with the bigger issue and entitlements, if we just continue to kick the can down the road. the market will respond in a more permanent and negative way to our inaction. >> one thing leading republicans and democrats seem to agree on is time is running short. veteran senate democrat says there is a very small window to get something done. >> if we don't have a deal within the next 24 hours, the question is where do you buy a pair of shoes? the closer we get to the end the less likely you will compress agreement in place that will have it pass. >> this struggle over the future of the country some suggest is not that different than what many americans face in their daily lives. >> this is no different than marriage. a lot of marriages fail because they fight over money. that i get heavily in debt and they fight over money issues. we as a nation are right now fighting over money because we are so heavily in debt. >> though in this case
fiscal conservatives say a smaller stop gap measure to avoid the cliff won't work. >> if we, in fact, do not use this period of time before right now, deal with the bigger issue and entitlements, if we just continue to kick the can down the road. the market will respond in a more permanent and negative way to our inaction. >> one thing leading republicans and democrats seem to agree on is time is running short. veteran senate democrat says there is a very small window to get...
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Dec 27, 2012
12/12
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FBC
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cliff which will kick in in six days if nothing isone done. those are the headlines are we talking about is cutting his vacation short in tha and that l well and good. is there anything that can be done because they really seem to be at an impasse before christmms, the republicans in the houseors, imploded and a ve, very tight spot and i suspect if there is to be a deal it'll be a pretty on powering one for all involved. eric: john boehner, putting it up on the screen. $800 billion in tax revenue on the table, allegedly the table, allegedly said you get nothing for free. >> there were a couple of eye-opening quotes. went through the timeline of how went through the timeline of how boehner and the president and that was an big one. boehner print revenues on the table andd the president saying that is what i get out of the gate, you get nothing for that, kind of a bit of a surprise. he also said if we go over the t cliff that threat and boehner, i will use my inaugural address to blame you for tax increases and for the fiscal cliff going o overb
cliff which will kick in in six days if nothing isone done. those are the headlines are we talking about is cutting his vacation short in tha and that l well and good. is there anything that can be done because they really seem to be at an impasse before christmms, the republicans in the houseors, imploded and a ve, very tight spot and i suspect if there is to be a deal it'll be a pretty on powering one for all involved. eric: john boehner, putting it up on the screen. $800 billion in tax...
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can he lead both parties to a fiscal cliff work around. democrats have been dragging feet on this for months. they don't want to be pressured into a bad deal that doesn't come down to the nation books. >> any time you announce a meeting publicly in washington it's usually for political purposes. nothing good ever comes from it. one thing you have to do with politics if the president meets with a foreign leader you want to make sewer you know what is happening at the meeting. if the president calls congressional leader to the white house it's all political theater or they have a deal. my bet it's all political theater. >> they blame house republicans since john boehner hasn't been able to get them a deal to raise taxes. the name calling is getting ugly. >> american people don't understand the house of representative is operating without the house of representatives. it is being operated with a dictatorship of the speaker not allowing the vast majority of the council to representatives to get what they want. >>> and while it's true that the
can he lead both parties to a fiscal cliff work around. democrats have been dragging feet on this for months. they don't want to be pressured into a bad deal that doesn't come down to the nation books. >> any time you announce a meeting publicly in washington it's usually for political purposes. nothing good ever comes from it. one thing you have to do with politics if the president meets with a foreign leader you want to make sewer you know what is happening at the meeting. if the...
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i made money in markets, done it a long time 20. years. we should just go over the fiscal cliff. swan dive over it. this is a spending trajectory and bury the economy if we go. i'm buying. >> andrea: there is not a deal sequestions ration. >> bob: first, everything you pass you retroactively do back to january 1. which they will do. not massive cut in spending right away. they won't allow people making less than $750,000 not have taxes. they won't allow fica to go back up. [over stalk ] >> bob: now you the debt ceiling. >> andrea: i want to get in here. you talk about the debt ceiling. i thought it was raised in february. isn't it suspect that all of a sudden turbo tax timmy puts out a letter saying with i'll hit the debt ceiling? if we go off the cliff, guess what that means? more revenue. credit rating agencies only care about revenue. we are likely to be just fine if we go off the cliff. >> bob: you said in the opening here. of course it's a game being played here. of course it is set up by obama. the republicans are in a big hole. >> greg: the only game more boring is soccer.
i made money in markets, done it a long time 20. years. we should just go over the fiscal cliff. swan dive over it. this is a spending trajectory and bury the economy if we go. i'm buying. >> andrea: there is not a deal sequestions ration. >> bob: first, everything you pass you retroactively do back to january 1. which they will do. not massive cut in spending right away. they won't allow people making less than $750,000 not have taxes. they won't allow fica to go back up. [over...
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talks are going on in washington trying to avoid the fiscal cliff. >> but we're getting something done. the average american family would see a tax increase of more than $3,400. preeti arla is joining us with more. >> reporter: top leaders seemed optimistic early on, but that seemed to shift, replaced by pessimism and still no deal with time running out. the clock is ticking, negotiations are ongoing. but at this point, democrats and republicans remain at odds. >> regardless of partisan differences, our top priority has to be to make sure that taxes on middle class families do not go up, that would hurt our economy badly. we can get that done. >> reporter: president obama called for immediate action, but there was no vote in the senate. >> we're going to come in at 11:00 a.m. tomorrow morning and we'll have further announcements perhaps at 11:00 in the morning. i certainly hope so. >> reporter: minority leader mitch mcconnell called vice president biden in for help. biden is now said to be playing a direct role. >> there's no single issue that remains an impossible sticking point. the
talks are going on in washington trying to avoid the fiscal cliff. >> but we're getting something done. the average american family would see a tax increase of more than $3,400. preeti arla is joining us with more. >> reporter: top leaders seemed optimistic early on, but that seemed to shift, replaced by pessimism and still no deal with time running out. the clock is ticking, negotiations are ongoing. but at this point, democrats and republicans remain at odds. >> regardless...
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and there's a new call for a vote on that senate deal to avoid the fiscal cliff. but it looks like the senate is done for now. >> the survivor of the massacre at sandy hook are preparing to take a new step towards returning to life in the classroom. >>> flames devour a church on new years's day. but it i might the faithful to come together. good evening and happy new we are. i'm jim handly. >> i'm angie goss in for wendy rieger. >> so close and yet so far. right now the country remains without a deal on the fiscal cliff. although the senate's solution passed by an overwhelming majority this morning, the process has come to a screeching halt on the house side. the number two republican in the house, virginia congressman eric cantor, says he cannot support the bill as it stands now. many republicans say that they are upset the bill doesn't do much to cut federal spending. democrats are demanding the vote but house speaker john boehner has not agreed to let members vote or amend the bill. >> that's fair enough. some have principled opposition. you also have to be pic
and there's a new call for a vote on that senate deal to avoid the fiscal cliff. but it looks like the senate is done for now. >> the survivor of the massacre at sandy hook are preparing to take a new step towards returning to life in the classroom. >>> flames devour a church on new years's day. but it i might the faithful to come together. good evening and happy new we are. i'm jim handly. >> i'm angie goss in for wendy rieger. >> so close and yet so far. right now...
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cliff diminishes. >> i don't think there's going to be a grand bargain before the end of the year. there is hope a deal will be cut. >> reporter: if congress doesn't extend expiring tax cuts in just days, middle income owners will owe uncle sam about $2,000 extra a year. retailers will cut back in automotive, apparel and entertainment. >> once people begin to pull back on that, the effect will be dramatic. >> reporter: the national retailers association said retailer its support 1 in 4 american jobs and if the downward turn intensifies. for those, the wait is excruciating. president obama visited troops in hawaii over christmas after a frustrating week on capitol hill. he and speaker john boehner about $100 billion. >> the president was $200 billion in revenues. speaker boehner $100 billion in spending cuts. >> reporter: tough decisions ahead. six days left. and lawmakers are now saying they will likely address tax reforms and spending cuts in the new year when the debt ceiling debate gets going. reporting live in washington. i'm danielle leigh. richard, back to you. >> danielle, t
cliff diminishes. >> i don't think there's going to be a grand bargain before the end of the year. there is hope a deal will be cut. >> reporter: if congress doesn't extend expiring tax cuts in just days, middle income owners will owe uncle sam about $2,000 extra a year. retailers will cut back in automotive, apparel and entertainment. >> once people begin to pull back on that, the effect will be dramatic. >> reporter: the national retailers association said retailer its...
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cliff and what it is going to take to get a deal done. our gop and democratic strategists are standing by to dive into that debate. >> and christmas is over, but the deals are still out there. you'll find out what is expected to drop in price as we head into the new year. >>> this is fox 5 news at 10:00. >>> back to our top story, we are just three days way from reaching the fiscal cliff -- away from reaching the fiscal cliff. this afternoon president obama held talks with congressional leaders at the white house. the president says he is hopeful a deal can be reached in order to avoid automatic tax increases and spending cuts come january 1st. senator harry reid and mitch mcconnell are trying to hammer out a deal the house might approve, but the house is ticking. joining us now are our political strategists. brendan, the president today said is he going to have senator mcconnell, senator reid start off on this package, but doesn't that eliminate a big player in this, which is john boehner, if this has to get passed through the house? >>
cliff and what it is going to take to get a deal done. our gop and democratic strategists are standing by to dive into that debate. >> and christmas is over, but the deals are still out there. you'll find out what is expected to drop in price as we head into the new year. >>> this is fox 5 news at 10:00. >>> back to our top story, we are just three days way from reaching the fiscal cliff -- away from reaching the fiscal cliff. this afternoon president obama held talks...
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. >> well, if we go sailing over that fiscal cliff and nothing is done, in the next few weeks you could see a smaller paycheck, depending upon how your withholdings are handled. there are so many things you need to look at as far as your income taxes. the lowest income category could be hit the hardest. that 10% tax bracket goes away all together. so the poor insist of the poor could really take a hit. so it's really time to sit down, look at your situation, start planning, don't panic. and hopefully some sort of deal will be worked out in the final hours. >> heather: plan to have a little less money in your pocketbook. what other factors do we need to consider beyond taxes in our paychecks? >> we've talked a lot about long-term capital gains. that's something you need to be aware of. any sort of gains on dividends is something you'll need to look at in 2013. we've also talked about the alternative minimum tax. you've been hearing about the amt. this is something that came into play in 1969 to make sure that the rich, if you will, played their fair share of taxes. in fact, it's hit the
. >> well, if we go sailing over that fiscal cliff and nothing is done, in the next few weeks you could see a smaller paycheck, depending upon how your withholdings are handled. there are so many things you need to look at as far as your income taxes. the lowest income category could be hit the hardest. that 10% tax bracket goes away all together. so the poor insist of the poor could really take a hit. so it's really time to sit down, look at your situation, start planning, don't panic....
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if we can get that done, that takes a big bite out of the fiscal cliff. it avoids the worst outcomes. >> in the upper house, the senate, sunday the leadership of both parties is putting together a watered-down deal to assure that taxed on americans making less than $200,000 per year don't go up. the president expressed both sides will have to accept compromise. >> there is a basic fairness at stake in this whole thing that the american people understand and they listened to an entire year's debate about it. they made a clear decision about the approach they prefer, which say balanced, responsible package. they rejected the notion that the economy grows best from the top down. they believe the economy grows best from the middle class out and at a certain point, you know, it is very important for republicans in congress to be willing to say we understand we're not going to get 100%, we are willing to compromise. >> if a deal can get through the democratically controlled senate it will put pressure on the republican-cro -- controlled house to vote it through
if we can get that done, that takes a big bite out of the fiscal cliff. it avoids the worst outcomes. >> in the upper house, the senate, sunday the leadership of both parties is putting together a watered-down deal to assure that taxed on americans making less than $200,000 per year don't go up. the president expressed both sides will have to accept compromise. >> there is a basic fairness at stake in this whole thing that the american people understand and they listened to an...
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>> well, i certainly think that the fiscal cliff, that language is a manufactured media narrative. that americans believe on january 1 we are going to be standing in line for bread. that's not going to happen this is all because congress kicked the can down the road. after the debt ceiling, which was a real crisis. and so by not completing resolving that issue in a substantive manner. we now are here at this fiscal slope as i like to call it, not cliff. >> laura: presumably, no matter what you say about what happened a year and a half ago, the president was part of that equation, right? he is the president of the united states. >> he is. but there are three branches of government. >> laura: accountability for that as well: that's for sure and the democrats didn't get around to actually passing a budget so we need to move on to that that guy, we are going to have the republicans have only so much leverage. in effect they don't have a lot of power here, do they? not really i think we learned that speaker boehner own party we can go back as you said to the debt ceiling debate. the onl
>> well, i certainly think that the fiscal cliff, that language is a manufactured media narrative. that americans believe on january 1 we are going to be standing in line for bread. that's not going to happen this is all because congress kicked the can down the road. after the debt ceiling, which was a real crisis. and so by not completing resolving that issue in a substantive manner. we now are here at this fiscal slope as i like to call it, not cliff. >> laura: presumably, no...
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in time to avoid the fiscal cliff, and that's what our focus issen ob this morning. for his part, president obama says he's modestly optimistic they can work things out. even if a deal is thrown together, senator harry reid says what they come up with could be imperfect and some people aren't going to like it. bringen in independent new york stock exchange trader joining us from new york. good to see you. >> good to see you, alison. thanks for having me. >> as you said, washington has been kicking the can down the road. so what are the chances of a real deal going through at the very last minute? things sound a little more optimistic last night, if you listened to president obama. >> i think they have to sound optimistic. the last thing they want to do is not sound optimistic. here's the problem. we've come right to the 11th hour. the fact there's going to be a substantive deal that comes out in the 11th hour is probably nailed to zero. in my sense, it's easier to go over the cliff. then there's clarity, right? taxes up, spending cut. the market will know what is goi
in time to avoid the fiscal cliff, and that's what our focus issen ob this morning. for his part, president obama says he's modestly optimistic they can work things out. even if a deal is thrown together, senator harry reid says what they come up with could be imperfect and some people aren't going to like it. bringen in independent new york stock exchange trader joining us from new york. good to see you. >> good to see you, alison. thanks for having me. >> as you said, washington...
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if the fiscal cliff, if we go off of it, i think we will see crude oil prices come down substantially. my thought is though if we don't do that, if we have a short-term fix, that you will see a lot of hot money come back into the market and park itself in commodities and oil is always a favorite. so if you're rooting for the fiscal cliff, you might be rooting for lower gas prices, but you're probably rooting for lower unemployment, you know, lower income and a lot of other things as well. dagen: tom, if you're rooting for the giants, i know it was a rough day, but if it makes you feel any better, if you're a jets fan, they're a whole lot worse. >> they do. it is time to adopt a team. i think i'm going to go with the packers this year. dagen: i have always stayed sort of loyal to the redskins. they are having a good year so i don't have to be ashamed. i can just pull out my redskins sweatshirt instead of wearing my jets sweatshirt. >> as long as the cowboys lose, all is right with the world. dagen: amen brother. thank you tom. >> take care, merry christmas. >> thanks a lot tom. dennis:
if the fiscal cliff, if we go off of it, i think we will see crude oil prices come down substantially. my thought is though if we don't do that, if we have a short-term fix, that you will see a lot of hot money come back into the market and park itself in commodities and oil is always a favorite. so if you're rooting for the fiscal cliff, you might be rooting for lower gas prices, but you're probably rooting for lower unemployment, you know, lower income and a lot of other things as well....
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cliff which will kick in in about six days if nothing'ss done. those are the headlines. everyone talking about cutting his vacation short. the question is there anything that can be done? they were at an impasse before christmas, the republicans and house imploded and it's a tight spot. i suspect if there's a deal,t will be unpalatable for everyone. >> there was a interchange before the talks broke wn. we have the quotes. john boehner said to obama, quote, iut $800 billio i tax revenue on the table. what do i get for that? allegedly we understand president obama came back to him and said, you get nothing. i get that for free. you get nothing. >> there were a couple eye-opening quotes. a "wall reet journal" story before christmas that went through the timeline of how this happened between painer and the president -- boehner and the president. boehner put the rough knee on the table and the president saying that's what i get out of the gate. you get nothing for that, which was a surprise to the speaker. he said if we go over the cliff, that the pre
cliff which will kick in in about six days if nothing'ss done. those are the headlines. everyone talking about cutting his vacation short. the question is there anything that can be done? they were at an impasse before christmas, the republicans and house imploded and it's a tight spot. i suspect if there's a deal,t will be unpalatable for everyone. >> there was a interchange before the talks broke wn. we have the quotes. john boehner said to obama, quote, iut $800 billio i tax revenue on...
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they will voluntarily where "come together" to urge politicians to get a deal done on the fiscal cliff before the end of the year. and i wasn't very surprised because howard schultz has been very outspoken. we sat down earlier this month to talk about the fiscal cliff and the risks to u.s. businesses, to the world economy and to the average u.s. citizen if we don't have a deal, if we don't get it done. i want you to take a listen to what he fold me. >> the real difference today versus perhaps any other time in history is that this single issue has a seismic effect on the rest of the world, that we have never been as connected and the domino effect of a bad outcome here will have significant negative consequences domestically and around the world. not the least of which will be the level -- fracturing of confidence in the united states of america. >> seismic and significant. very powerful words. how could this play out for americans if we don't have a deal? what will that feel like to them, howard? >> i think there will be tremendous personal pressure on people who are going to see thei
they will voluntarily where "come together" to urge politicians to get a deal done on the fiscal cliff before the end of the year. and i wasn't very surprised because howard schultz has been very outspoken. we sat down earlier this month to talk about the fiscal cliff and the risks to u.s. businesses, to the world economy and to the average u.s. citizen if we don't have a deal, if we don't get it done. i want you to take a listen to what he fold me. >> the real difference today...
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the "fiscal cliff" deadline just hours away. talks are stalled. can lawmakers get a deal done in time? >> we'll see. plus, a driver crashes into a concord funeral home during services. what police say was happening that could result in charges. >> a house fire in san francisco's excelsior district has firefighters raising eyebrows. we'll tell you why something illegal might be behind the cause. lawmakers have just hours to prevent tax hikes and spendg cuts.. r a deal? >> your realtime captioner: linda marie macdonald >>> peering over the "fiscal cliff," lawmakers have just hours to prevent tax hikes and spending cuts. is there any hope for a deal? >> reporter: firefighters are calling a house fire in san francisco's excelsior district suspicious. we'll tell you why in just a few moments. >> it's a frosty start to this last day of 2012. what about rain? could we see that on new year's eve? weta
the "fiscal cliff" deadline just hours away. talks are stalled. can lawmakers get a deal done in time? >> we'll see. plus, a driver crashes into a concord funeral home during services. what police say was happening that could result in charges. >> a house fire in san francisco's excelsior district has firefighters raising eyebrows. we'll tell you why something illegal might be behind the cause. lawmakers have just hours to prevent tax hikes and spendg cuts.. r a deal?...
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. >>> and just five days until the fiscal cliff. president obama catching a flight back to washington where there's doubt that a deal can get done in time. good morning, everybody, for a thursday morning. very early, 5:00 a.m. on the east coast. welcome to "early start." i'm alina cho. >> i'm drew griffin. john and zoraida are off today. it's 5:00 a.m. in the east. a deadly winter storm system slamming the northeast after hammering the nation's heartland. look at this radar, system serious snowmaker. it's packing destructive winds, six states under winter storm warnings right now. pennsylvania, new york, massachusetts, new hampshire, vermont and maine. all could see a foot of snow or more. more than 200,000 customers spanning several states already without power. 1,700 plus flights canceled yesterday. imagine that. hundreds more already taken off the board this morning. there are six deaths being blamed on the weather since tuesday and the threat hasn't passed yesterday. bonnie schneider, meteorologist checking the system from the c
. >>> and just five days until the fiscal cliff. president obama catching a flight back to washington where there's doubt that a deal can get done in time. good morning, everybody, for a thursday morning. very early, 5:00 a.m. on the east coast. welcome to "early start." i'm alina cho. >> i'm drew griffin. john and zoraida are off today. it's 5:00 a.m. in the east. a deadly winter storm system slamming the northeast after hammering the nation's heartland. look at this...
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cliff which will kick in in about six days if nothing's done. those are the headlines. everyone talking about cutting his vacation short. the question is there anything that can be done? they were at an impasse before christmas, the republicans and house imploded and it's a tight spot. i suspect if there's a deal, it will be unpalatable for everyone. >> there was a interchange before the talks broke down. we have the quotes. john boehner said to obama, quote, i put $800 billion in tax revenue on the table. what do i get for that? allegedly we understand president obama came back to him and said, you get nothing. i get that for free. you get nothing. >> there were a couple eye-opening quotes. a "wall street journal" story before christmas that went through the timeline of how this happened between painer and the president -- boehner and the president. boehner put the rough knee on the table and the president saying that's what i get out of the gate. you get nothing for that, which was a surprise to the speaker. he said if we go over the cliff, th
cliff which will kick in in about six days if nothing's done. those are the headlines. everyone talking about cutting his vacation short. the question is there anything that can be done? they were at an impasse before christmas, the republicans and house imploded and it's a tight spot. i suspect if there's a deal, it will be unpalatable for everyone. >> there was a interchange before the talks broke down. we have the quotes. john boehner said to obama, quote, i put $800 billion in tax...
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members of both parties warn as bad as going over the fiscal cliff could be it is better than a deal that looks in what each sees as problems for years. >>trace: the president admits there is still work to be done. >>reporter: still questions of how to pay the extra money medicare doctors have been given and how to keep the alternative minimum tax from burning millions of new taxpayers. in addition to the spending cuts put off until 2013. it is not a done deal. >> there are still issues left to resolve. we are hopeful congress can get it done. it is not done. part of the reason i wanted to speak to you today is to make sure we emphasize to conditioning and that members understand this is a pressing concern across america. >>reporter: the deal would not satisfy the conditions congress made for avoid the fiscal cliff and the president will not go to hawaii to avoid the fiscal cliff and ever continue we get past the fiscal cliff, round two is in a couple of months when congress has to raise the debt ceiling to keep the country from default. trace? >>trace: thank you, wendell, from the w
members of both parties warn as bad as going over the fiscal cliff could be it is better than a deal that looks in what each sees as problems for years. >>trace: the president admits there is still work to be done. >>reporter: still questions of how to pay the extra money medicare doctors have been given and how to keep the alternative minimum tax from burning millions of new taxpayers. in addition to the spending cuts put off until 2013. it is not a done deal. >> there are...
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the good news, you're not likely to feel any fall off of the cliff if they get something done in the first few days of 2013. >>> and for some, the biggest objection to the fiscal cliff is the cuts to project defense spending. they warned it's bad news for national security. peter deucey explains who mean affected. >> reporter: last friday when president obama rolled out his new plan for steering us away from the fiscal cliff, there was a word he did not say and that word was sequester. the sequester would automatically cut more than $100 billion from the budget next year, half from domestic programs and half from defense programs and now as the deadline draws close, experts are looking at the cuts from a national security standpoint and warning one final time about heir safety of the service members. >> and that is going to affect the operational force deployed in terms of its ability to maintain its equipment to quiet re-- get repair parts and that is around the world, not just in afghanistan being reduced and it would impact on the training of the force and the preparedness to cond
the good news, you're not likely to feel any fall off of the cliff if they get something done in the first few days of 2013. >>> and for some, the biggest objection to the fiscal cliff is the cuts to project defense spending. they warned it's bad news for national security. peter deucey explains who mean affected. >> reporter: last friday when president obama rolled out his new plan for steering us away from the fiscal cliff, there was a word he did not say and that word was...
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. >>> minutes ago we brought you updates on the fiscal cliff. the president is getting ready to speak. >> above all protect our middle class and everyone driving to get into the middle class. i still want to get this done. it's the right thing to do for our families, for our businesses and our entire economy but the hour for immediate action is here. it is now. we're at the point in four days every american's tax rates are scheduled to go up by law. every american's paycheck will get considerably smaller. and that would be the wrong thing to do for our economy. it would be bad for middle class families and it would be bad for businesses that depend on family spending. fortunately, congress can prevent it from happening, if they act right now. i just will a good and constructive discussion about how to prevent this tax hike on the middle class. i'm optimistic we may be able to reach pan agreement that will pass both houses in time. senators reid and mcchon nell are work -- mcconnell are working on such an agreement as we speak. but if an agreemen
. >>> minutes ago we brought you updates on the fiscal cliff. the president is getting ready to speak. >> above all protect our middle class and everyone driving to get into the middle class. i still want to get this done. it's the right thing to do for our families, for our businesses and our entire economy but the hour for immediate action is here. it is now. we're at the point in four days every american's tax rates are scheduled to go up by law. every american's paycheck will...